Governor Shaktikanta Das of the Reserve Bank of India (RBI) stated on Friday that the real GDP growth for 2024–2025 is now anticipated to be 6.6%, with Q3 and Q4 growth rates of 6.8% and 7.2%, respectively. For the current fiscal year, the RBI had previously predicted that the Indian economy would rise by 7.2%. … Read more
Cash App, a digital wallet service for American consumers operated by Block, Inc., was recently in the news for alleged security flaws and data breaches. Numerous customers may be eligible for payouts—some even exceeding $2,500—due to the company’s numerous data breaches. The settlement website states that individuals who had or now have an account between … Read more
The cost of living adjustment (COLA), which determines how much Social Security benefits will increase year, is calculated by the Bureau of Labor Statistics. For the more than 70 million beneficiaries who depend on these benefits to pay for their everyday living expenses, it is crucial to learn more about this yearly increase. Gallup has … Read more
Whether they are significant or not, the Internal Revenue Service (IRS) announces all changes to the tax regulations for the next year at the end of each year. Making them early will give impacted Americans enough time to decide which ones will have a favorable or bad effect on them. One change this year is … Read more
The government of Canada has made changes to assist seniors, who are frequently more financially vulnerable because of their fixed incomes, as they struggle with growing expenses and inflation. Those affected by the high costs of housing, healthcare, and everyday necessities may benefit from a rise in Old Age Security (OAS) benefits to $1,400 this … Read more
The Guaranteed Income Supplement has been announced by the government for elderly individuals who are experiencing financial difficulties. When you turn 65, you will be eligible to receive CRA’s monthly GIS help. The Canadian government hopes to provide monthly support to older citizens through this program so they can manage their essential costs without sacrificing … Read more
A new $7,500 tax credit has been proposed by the Canadian government for 2024 with the express purpose of assisting low-income households in financing necessary home improvements. In order to ensure that more Canadians can afford essential home modifications, this tax credit is intended to offer financial help to individuals who are most affected by … Read more
Comprehending every information on each tax slip is not essential when submitting your CRA tax return. However, knowing your CRA tax papers might help you better comprehend the amount of taxes withheld and possibly how to lower your final tax liability. Your CRA tax return includes a T4 slip. However, what is a T4 slip … Read more
The 2.5% COLA and higher earnings cap in the 2025 Social Security amendments are intended to assist recipients in keeping up with growing living expenses while preserving the program’s viability. Despite their modestness, these adjustments are crucial for the millions of people who depend on Social Security to cover their daily costs. Whether you’re already … Read more
The Internal Revenue Service (IRS) has provided tax assistance for people and businesses affected by natural disasters in many states. Residents in areas such as Texas, Louisiana, and Kentucky now have longer deadlines to file taxes and pay. This article contains a full guide on eligibility, relief measures, and filing procedures for those who qualify. … Read more
